Market crash not part of Trump’s strategy, says top White House economic advisor
https://www.cnbc.com/amp/2025/04/06/kevin-hassett-stock-market-crash-not-part-of-trumps-strategy.html
The video, which initially appeared on TikTok in March, was shared by Trump on April 4, two days after his tariffs announcement.
"Trump is crashing the stock market by 20% this month, but he's doing it on purpose. … And it could make you rich" the video said. It continued by adding that such a move by Trump would help "push cash into treasuries, which forces the Fed to slash interest rates in May. … It also weakens the dollar and drops mortgage rates. Now it's a wild chess move, but it's working."